Exxon Mobil Corp Consent Decree

Total Page:16

File Type:pdf, Size:1020Kb

Exxon Mobil Corp Consent Decree Case 4:17-cv-03302 Document 23 Filed in TXSD on 06/06/18 Page 1 of 160 United States District Court Southern District of Texas ENTERED June 06, 2018 IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF TEXAS David J. Bradley, Clerk HOUSTON DIVISION ___________________________________ ) UNITED STATES OF AMERICA and the ) LOUISIANA DEPARTMENT OF ) ENVIRONMENTAL QUALITY, ) ) Civil Action No. 4:17-cv-3302 Plaintiffs, ) ) Chief Judge Rosenthal v. ) ) EXXON MOBIL CORP. and ) EXXONMOBIL OIL CORP., ) ) Defendants. ) ___________________________________ ) CONSENT DECREE Case 4:17-cv-03302 Document 23 Filed in TXSD on 06/06/18 Page 2 of 160 TABLE OF CONTENTS I. JURISDICTION AND VENUE ........................................................................................6 II. APPLICABILITY ..............................................................................................................7 III. DEFINITIONS .................................................................................................................10 IV. CIVIL PENALTY ............................................................................................................23 V. COMPLIANCE REQUIREMENTS ..............................................................................25 VI. SUPPLEMENTAL ENVIRONMENTAL PROJECT AND LOUISIANA BENEFICIAL ENVIRONMENTAL PROJECTS ................................54 VII. PERMITS .........................................................................................................................57 VIII. EMISSION CREDIT GENERATION ...........................................................................60 IX. REPORTING REQUIREMENTS .................................................................................62 X. STIPULATED PENALTIES ..........................................................................................66 XI. FORCE MAJEURE .........................................................................................................74 XII. DISPUTE RESOLUTION ..............................................................................................77 XIII. INFORMATION COLLECTION AND RETENTION ...............................................79 XIV. EFFECT OF SETTLEMENT/RESERVATION OF RIGHTS ...................................81 XV. COSTS ..............................................................................................................................87 XVI. 26 U.S.C. § 162(f)(2)(A)(ii) IDENTIFICATION…………………………………….. 87 XVII. NOTICES .........................................................................................................................87 XVIII. EFFECTIVE DATE .........................................................................................................90 XIX. RETENTION OF JURISDICTION ...............................................................................90 XX. MODIFICATION ............................................................................................................90 XXI. TERMINATION ..............................................................................................................91 XXII. PUBLIC PARTICIPATION ...........................................................................................92 XXIII. SIGNATORIES/SERVICE .............................................................................................93 XXIV. INTEGRATION ...............................................................................................................94 XXV. FINAL JUDGMENT .......................................................................................................94 XXVI. APPENDICES ..................................................................................................................94 i Case 4:17-cv-03302 Document 23 Filed in TXSD on 06/06/18 Page 3 of 160 TABLES OF APPENDICES Table 1: NUMBER ABBREVIATION DESCRIPTION 1.1 [Reserved] [Reserved] NHVcz, NHVdil, 1.2 Calculating NHVcz,NHVdil, and Vtip for Flares and Vtip Calculating the Unobstructed Cross Sectional Area of Various 1.3 Tip-Area-Eq Types of Flare Tips 1.4 G-Drwg Depiction of Gases Associated with Steam-Assisted Flares Outline of Requirements for the Flare Data and Initial 1.5 Flr-Data-Rpt Monitoring Systems Report Interim Specifications for Existing Gas Chromatographs at 1.6 GC-Specs Baytown Facilities Waste Gas Mapping: Level of Detail Needed to Show Main 1.7 WG-Map Headers and Process Unit Headers Flare Gas Recovery Systems – Description and Compliance 1.8 FGRS Reqt’s Dates ii Case 4:17-cv-03302 Document 23 Filed in TXSD on 06/06/18 Page 4 of 160 Table 2: NUMBER ABBREVIATION DESCRIPTION 2.1 SEP and BEPs SEP and BEP Protocols 2.2 Fenceline Monitoring Fenceline Monitoring Requirements iii Case 4:17-cv-03302 Document 23 Filed in TXSD on 06/06/18 Page 5 of 160 Concurrently with the lodging of this Consent Decree, Plaintiff, the United States of America (“United States”), on behalf of the United States Environmental Protection Agency (“EPA”), has filed a complaint in this action seeking injunctive relief and civil penalties from the Defendants, Exxon Mobil Corporation and ExxonMobil Oil Corporation (collectively referred to herein as the “Defendants”), for alleged violations of the Clean Air Act (the “CAA” or “Act”), 42 U.S.C. §§ 7401 et seq., with respect to emissions of volatile organic compounds (“VOCs”), hazardous air pollutants (“HAPs”), and other pollutants at the Defendants’ chemical, olefins, polymer, and plastics manufacturing facilities located in or near Baytown, Texas (the “Baytown Facilities”), Beaumont, Texas (the “Beaumont Facilities”), Baton Rouge, Louisiana (the “Baton Rouge Facilities”), and Mont Belvieu, Texas (the “Mont Belvieu Facility”); The Louisiana Department of Environmental Quality (“LDEQ”) is a co-Plaintiff in the Complaint and is seeking injunctive relief and civil penalties from the Defendants for alleged violations of the Clean Air Act and Louisiana Environmental Quality Act (“LEQA”), La.R.S. 30:2001 et seq., at the Baton Rouge Facilities; WHEREAS, the Defendants own and operate the Baytown Facilities, Beaumont Facilities, Baton Rouge Facilities, and Mont Belvieu Facility (collectively, the “Covered Facilities”), including the Steam-Assisted and Air-Assisted Flares used at those facilities as safety devices and to control emissions of air pollutants generated by the manufacturing processes; WHEREAS, the Complaint alleges that the Defendants violated one or more of the following federal Clean Air Act and/or Louisiana or Texas state air pollution requirements: 1 Case 4:17-cv-03302 Document 23 Filed in TXSD on 06/06/18 Page 6 of 160 a. The New Source Performance Standards (“NSPS”) promulgated at 40 C.F.R. Part 60, Subpart A, pursuant to Section 111 of the CAA, 42 U.S.C. § 7411; b. The National Emission Standards for Hazardous Air Pollutants (“NESHAPs”) promulgated at 40 C.F.R. Part 61, Subparts A, J, V, and FF and 40 C.F.R. Part 63, Subparts A, F, G, H, U, YY, and FFFF, pursuant to Section 112 of the CAA, 42 U.S.C. § 7412; c. The Title V requirements of the CAA found at 42 U.S.C. §§ 7661a(a), 7661b(c), 7661c(a); and 40 C.F.R. §§ 70.1(b), 70.5(a) and (b), 70.6(a) and (c), and 70.7(b); d. The portions of the Title V permits for the Baytown Facilities, Beaumont Facilities, Baton Rouge Facilities, and Mont Belvieu Facility that adopt, incorporate, or implement the provisions cited in a–b and e; and e. The federally enforceable Louisiana and Texas state implementation plan (SIP) provisions that incorporate, adopt, and/or implement the federal requirements listed in a–c. WHEREAS, the Defendants have installed systems and equipment to recover Waste Gas generated by process units at their four polymer and plastics manufacturing facilities (the Mont Belvieu Plastics Plant, the Beaumont Polyethylene Plant, the Baton Rouge Plastics Plant, and the Baton Rouge Polyolefins Plant) before that Waste Gas reaches the facility’s Flare header (“In- Process Waste Gas Recovery Systems”). These systems and equipment, which are required to be operated by the four facilities’ federally enforceable CAA operating permits, include: • A Purge Gas Purification Unit at the Baton Rouge Plastics Plant which has a nominal design capacity to recover 7.9 mscf per Day of Waste Gas; • A Vapor Recovery Unit, an Ethylene Return Recovery Unit, and a Polypropylene Flare Gas Recovery Unit at the Baton Rouge Polyolefins Plant. These units collectively have a nominal design capacity to recover 4.3 mscf per Day of Waste Gas; 2 Case 4:17-cv-03302 Document 23 Filed in TXSD on 06/06/18 Page 7 of 160 • Three Hexane Recovery Units and an Ethylene Recovery Unit at the Beaumont Polyethylene Plant which collectively have a nominal design capacity to recover 2.6 mscf per Day of Waste Gas; and • A Low Density Polyethylene (LDPE) Recovery Unit and a flameless thermal oxidizer at the Mont Belvieu Plastics Plant. The LDPE recovery unit has a nominal design capacity to recover 1.25 mscf per Day of Waste Gas and the flameless thermal oxidizer has a nominal design capacity to combust 3.2 mscf per Day of Waste Gas at a Combustion Efficiency of at least 99.5%. WHEREAS, the Defendants have provided a significant level of cooperation to the EPA prior to entry of this Consent Decree by undertaking studies of Flare Combustion Efficiency at an olefins manufacturing facility and a plastics manufacturing facility, implementing Flare flow reduction and Combustion Efficiency improvements at the Covered Facilities, and reducing emissions from the Covered Flares. These actions
Recommended publications
  • The MOL Group Mitsui O.S.K
    Annual Report 2003 52 Mitsui O.S.K. Lines The MOL Group Mitsui O.S.K. Lines, Ltd. As of March 31, 2003 ■ Consolidated Subsidiaries ● Subsidiaries Accounted for by the Equity Method ▲ Affiliated Companies Accounted for by the Equity Method Registered MOL’s Paid-in Capital Office Ownership (%)* (Thousands) Overseas Ship Operation/ ■ BGT related 11 companies Shipping Chartering ■ International Energy Transport Co., Ltd. Japan 56.23 ¥1,224,000 ■ International Marine Transport Co., Ltd. Japan 65.56 ¥500,000 ■ Mitsui O.S.K. Kinkai, Ltd. Japan 99.04 ¥660,000 ■ MCGC International Ltd. Bahamas 80.10 US$1 ■ Mitsui Kinkai Kisen Co., Ltd. Japan 74.83 ¥350,000 ■ Shipowner companies (170 companies) in Panama, Liberia, Cyprus, Malta, Hong Kong, Singapore ■ Tokyo Marine Co., Ltd. Japan 71.74 ¥617,500 ■ Tokyo Marine Asia Pte. Ltd. Singapore 100.00 S$500 ■ Unix Line Pte. Ltd. Singapore 100.00 S$500 ▲ Act Maritime Co., Ltd. Japan 49.00 ¥90,000 ▲ Aramo Shipping (Singapore) Pte. Ltd. Singapore 50.00 US$17,047 ▲ Arun LNG Transport, Inc. Japan 35.00 ¥400,000 ▲ Asahi Tanker Co., Ltd. Japan 24.75 ¥400,272 ▲ Badak LNG Transport, Inc. Japan 25.00 ¥400,000 ▲ Belo Maritime Transport S.A. Panama 50.00 US$2 ▲ Daiichi Chuo Kisen Kaisha Japan 20.97 ¥13,258,410 ▲ Faship Maritime Carriers Inc. Panama 50.00 US$1,200 ▲ Gearbulk Holding Ltd. Bermuda 40.00 US$260,000 ▲ Global Alliance K B.V. Netherlands 25.00 DGL8,000 ▲ Golden Sea Carrier Inc. Liberia 50.00 US$2,420 ▲ Interasia Lines, Ltd. Japan 43.81 ¥400,000 ▲ Jasmin Shipping (Tokyo) Corporation Japan 50.00 ¥10,000 ▲ Liquimarine Gandria Chartering Co., Ltd.
    [Show full text]
  • Case No COMP/M.7579 - ROYAL DUTCH SHELL / KEELE OY / AVIATION FUEL SERVICES NORWAY
    EN Case No COMP/M.7579 - ROYAL DUTCH SHELL / KEELE OY / AVIATION FUEL SERVICES NORWAY Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 19/06/2015 In electronic form on the EUR-Lex website under document number 32015M7579 EUROPEAN COMMISSION Brussels, 19.6.2015 C(2015) 4285 final In the published version of this decision, some information has been omitted pursuant to Article PUBLIC VERSION 17(2) of Council Regulation (EC) No 139/2004 concerning non-disclosure of business secrets and other confidential information. The omissions are shown thus […]. Where possible the information omitted has been replaced by ranges of figures or a MERGER PROCEDURE general description. To the notifying parties Dear Sir/Madam, Subject: Case M.7579 - ROYAL DUTCH SHELL / KEELE OY / AVIATION FUEL SERVICES NORWAY Commission decision pursuant to Article 6(1)(b) of Council Regulation No 139/20041 and Article 57 of the Agreement on the European Economic Area2 (1) On 12th May 2015, the European Commission received a notification of a proposed concentration pursuant to Article (4) of Council Regulation (EC) No 139/2004 by which Shell Exploration and Production Holding B.V. ("SEPH", the Netherlands), ultimately controlled by Royal Dutch Shell plc ("RDS", England), and St1 Group Oy and St1 Nordic Oy (collectively, "St1", Finland) both controlled by Keele Oy, will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Aviation Fuelling Services Norway AS ("AFSN" or "JV", Norway), currently a 100% subsidiary of SEPH, by way of purchase of 1 OJ L 24, 29.1.2004, p.
    [Show full text]
  • 1884 1973∼1985 1995 1945∼1970 1984 2016 Mid 2000S~2015
    MOL’s History: “Spirit of Challenge and Innovation” 1984 Launched the SENSHU MARU, an LNG Carrier Demand, mainly from electric power companies, increased for imports of liquefied natural gas (LNG), an energy source with a low environmental burden. Requiring transport at minus 162 degrees Celsius, LNG is technically challenging to transport. MOL rose to the challenge, entering the LNG transport field in 1983. Since then, MOL’s fleet of LNG carriers has expanded to a world-leading 92 (including outstanding orders) as of March 31, 2017. 2016 World’s first large ethane carrier ETHANE Throughout its more than 130 years of history, MOL has grown into one of the world’s largest full-line CRYSTAL completed marine transport groups by anticipating the needs of its customers and the demands of the future, while overcoming various challenges along the way. What has supported us has been our “spirit of challenge and 2012 Photo: MODEC, Inc. The world’s first hybrid car carrier, innovation.” Going forward, we will nurture this spirit and maintain course into the next 130 years. the EMERALD ACE, is launched. 2013 Japan’s first participation in FSRU project 2010 The first participation in 1989 FPSO Navix Line is established by the merger of 1973~1985 Japan Line and Yamashita-Shinnihon 1884 Competitiveness of Japanese Flagged Vessels Challenged Steamship. The Birth of Osaka Shosen Kaisha by the Yen’s Sharp Appreciation Following the Plaza (OSK Line) Accord and Floating Exchange Rates The founding of MOL can be traced back to Osaka Shosen In 1973, Japan switched from a fixed exchange rate system where one U.S.
    [Show full text]
  • Integrated Annual Report
    MOL GROUP INTEGRATED ANNUAL REPORT 2019 Introduction 2 CONTENTS INTRODUCTION …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………3 MOL GROUP INTEGRATED REPORTING ......................................................................................................................................................................................... 3 LETTER FROM THE CHAIRMAN CEO AND THE GROUP CEO ................................................................................................................................................ 4 MATERIALITY ASSESSMENTS .................................................................................................................................................................................................................... 5 MANAGEMENT DISCUSSION AND ANALYSIS OF 2019 BUSINESS OPERATIONS.…..…………………………………………………………………………………………………….…….6 OVERVIEW OF THE MACROECONOMIC AND INDUSTRY ENVIRONMENT ..................................................................................................................... 7 INTEGRATED CORPORATE RISK MANAGEMENT ........................................................................................................................................................................ 9 FINANCIAL AND OPERATIONAL REVIEW OF 2019 .......................................................................................................................................................................11 KEY ACHIEVEMENTS AND SUMMARY OF 2019
    [Show full text]
  • Climate and Energy Benchmark in Oil and Gas
    Climate and Energy Benchmark in Oil and Gas Total score ACT rating Ranking out of 100 performance, narrative and trend 1 Neste 57.4 / 100 8.1 / 20 B 2 Engie 56.9 / 100 7.9 / 20 B 3 Naturgy Energy 44.8 / 100 6.8 / 20 C 4 Eni 43.6 / 100 7.3 / 20 C 5 bp 42.9 / 100 6.0 / 20 C 6 Total 40.7 / 100 6.1 / 20 C 7 Repsol 38.1 / 100 5.0 / 20 C 8 Equinor 37.9 / 100 4.9 / 20 C 9 Galp Energia 36.4 / 100 4.3 / 20 C 10 Royal Dutch Shell 34.3 / 100 3.4 / 20 C 11 ENEOS Holdings 32.4 / 100 2.6 / 20 C 12 Origin Energy 29.3 / 100 7.3 / 20 D 13 Marathon Petroleum Corporation 24.8 / 100 4.4 / 20 D 14 BHP Group 22.1 / 100 4.3 / 20 D 15 Hellenic Petroleum 20.7 / 100 3.7 / 20 D 15 OMV 20.7 / 100 3.7 / 20 D Total score ACT rating Ranking out of 100 performance, narrative and trend 17 MOL Magyar Olajes Gazipari Nyrt 20.2 / 100 2.5 / 20 D 18 Ampol Limited 18.8 / 100 0.9 / 20 D 19 SK Innovation 18.6 / 100 2.8 / 20 D 19 YPF 18.6 / 100 2.8 / 20 D 21 Compania Espanola de Petroleos SAU (CEPSA) 17.9 / 100 2.5 / 20 D 22 CPC Corporation, Taiwan 17.6 / 100 2.4 / 20 D 23 Ecopetrol 17.4 / 100 2.3 / 20 D 24 Formosa Petrochemical Corp 17.1 / 100 2.2 / 20 D 24 Cosmo Energy Holdings 17.1 / 100 2.2 / 20 D 26 California Resources Corporation 16.9 / 100 2.1 / 20 D 26 Polski Koncern Naftowy Orlen (PKN Orlen) 16.9 / 100 2.1 / 20 D 28 Reliance Industries 16.7 / 100 1.0 / 20 D 29 Bharat Petroleum Corporation 16.0 / 100 1.7 / 20 D 30 Santos 15.7 / 100 1.6 / 20 D 30 Inpex 15.7 / 100 1.6 / 20 D 32 Saras 15.2 / 100 1.4 / 20 D 33 Qatar Petroleum 14.5 / 100 1.1 / 20 D 34 Varo Energy 12.4 / 100
    [Show full text]
  • LUKOIL's Market Strategy in Central and Eastern Europe 105 O Increasing the Number of Filling Stations for Petroleum Products in Russia and Other Countries
    Petroleum-Gas University of Ploiesti Vol. LXII Economic Sciences 103-110 BULLETIN No. 4/2010 Series LUKOIL’s Market Strategy in Central and Eastern Europe Mihaela Oprea Ciopi Petroleum-Gas University of Ploieşti, Bd. Bucureşti 39, Ploieşti, Romania e-mail: [email protected] Abstract The economic environment has undergone significant development over the past 20 years marked, in particular, by the globalization of the economy and increased competitiveness. The large oil corporations significantly influence national economies and the global economy in general, as a result of their huge financial power and their profit-oriented corporate management, by identifying the most appropriate strategies and the most effective methods of business management . Currently, oil market in Central and Eastern Europe is controlled by three major players: the Austrian OMV, Hungarian MOL company and the Russian company LUKOIL, whose investment strategies and policies contributed to a decisive extent to the development and consolidation of oil industry in the countries in this area, thus in Romania too. In this context, the paper aims to analyze the strategy of developing and consolidating LUKOIL’s position on this market. Key words: strategic alliance, a global energy player, offensive strategy, territorial expansion JEL Classification: M10 Introduction The greatest oil corporations significantly influence national economies and the global economy in general, the effect of their huge financial power and corporate management oriented to increase profit by identifying the most appropriate strategies and the most effective methods of business management. These elements underpin the development of management as a science and was later taken over and adapted by national companies.
    [Show full text]
  • Advancement in Predictive Modeling of Mild Steel Corrosion in CO2- and H2S-Containing Environments
    CORROSION SCIENCE SECTION Advancement in Predictive Modeling of Mild Steel Corrosion in CO2- and H2S-Containing Environments Yougui Zheng,* Jing Ning,* Bruce Brown,* and Srdjan Neši´c‡,* ABSTRACT predictions of facilities’ remaining life, and provide guidance in corrosion management. When it comes to Over the past decade, the knowledge related to predicting internal corrosion of mild steel in the oil and gas internal pipeline corrosion for sweet and particularly sour industry, the mechanism of CO2 corrosion is well un- environments has dramatically improved. Advancement in derstood through laboratory investigations.1-2 Hence, understanding of the corrosion mechanisms related to H S 2 models for CO corrosion developed in the past range corrosion environments enabled the development of an inte- 2 from those based on empirical correlations to mech- grated electrochemical model for CO2/H2S uniform corrosion, anistic models describing the different processes involved including the effect of H2S on the protective corrosion product in CO corrosion of carbon steel. In 2002, Nyborg3 formation on mild steel. The latest model of uniform CO2/H2S 2 corrosion of carbon steel accounts for the key processes published a performance-based review of several CO2 underlying of corrosion: chemical reactions in the bulk solution, corrosion models focusing on the ability to account for electrochemical reactions at the steel surface, the mass effects of pH, protective iron carbonate layers, oil wetting, transport between the bulk solution to the steel surface, and the fluid flow, H2S, top-of-the-line corrosion, and acetic corrosion product formation and growth (iron carbonate and acid. Some five years later, Neši´c published a compre- fi iron sul de).
    [Show full text]
  • Business As Usual and Nuclear Power
    BUSINESS AS USUAL AND NUCLEAR POWER 1974 .1999 OECD, 2000. Software: 1987-1996, Acrobat is a trademark of ADOBE. All rights reserved. OECD grants you the right to use one copy of this Program for your personal use only. Unauthorised reproduction, lending, hiring, transmission or distribution of any data or software is prohibited. You must treat the Program and associated materials and any elements thereof like any other copyrighted material. All requests should be made to: Head of Publications Service, OECD Publications Service, 2, rue Andr´e-Pascal, 75775 Paris Cedex 16, France. OECD PROCEEDINGS BUSINESS AS USUAL AND NUCLEAR POWER Joint IEA/NEA Meeting Paris, France 14-15 October 1999 NUCLEAR ENERGY AGENCY INTERNATIONAL ENERGY AGENCY ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT Pursuant to Article 1 of the Convention signed in Paris on 14th December 1960, and which came into force on 30th September 1961, the Organisation for Economic Co-operation and Development (OECD) shall promote policies designed: − to achieve the highest sustainable economic growth and employment and a rising standard of living in Member countries, while maintaining financial stability, and thus to contribute to the development of the world economy; − to contribute to sound economic expansion in Member as well as non-member countries in the process of economic development; and − to contribute to the expansion of world trade on a multilateral, non-discriminatory basis in accordance with international obligations. The original Member countries of the OECD are Austria, Belgium, Canada, Denmark, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States.
    [Show full text]
  • Oil & Gas Upstream & Integrated
    Oil & Gas Upstream & Integrated Driving forces Highlighted criteria & Among upstream and integrated oil and gas companies, there is a dimension weights need to develop corporate strategies that consider the transition to Environmental Dimension..26% low-carbon economies. Climate strategy and its link to corporate – Climate Strategy governance is, thus, increasing in importance for investors in this – Operational Eco-Efficiency sector. At the same time, companies need to make sure that their – Water Related Risks current businesses can generate cash flows to cover investment and dividend requirements, and weather significant near-term Social Dimension ............. 32% demand fluctuations as consumer behavior adjusts to COVID-19. – Human Rights In the upstream segment, this requires diversifying to new growth – Occupational Health and opportunities in natural gas and renewable energies, such as wind Safety and solar. In downstream operations, cost competitiveness is – Social Impacts on closely linked to environmental and health and safety excellence. In Communities this context, the industry’s top performers are those able to manage a broad set of environmental, health and safety, ethical conduct, Governance & Economic and stakeholder risks. Taking these risks into account also goes Dimension ........................ 42% hand-in-hand with diversifying the fuel mix and discerning the – Corporate Governance pathway to a low-carbon future. – Energy Mix – Risk & Crisis Management Sustainability leaders 2021 Industry statistics S&P Global Gold Class Number of companies assessed 114 PTT Exploration and Production Market capitalization of assessed companies Public Company Limited Thailand (in USD billion) 3681.6 PTT Public Company Limited Thailand Number of companies in Yearbook 17 S&P Global Bronze Class Market capitalization of companies in Yearbook Galp Energia, SGPS, S.A.
    [Show full text]
  • Sustainable Recovery
    Sustainable Recovery World Energy Outlook Special Report in collaboration with the International Monetary Fund INTERNATIONAL ENERGY AGENCY The IEA examines IEA member IEA association the full spectrum countries: countries: of energy issues including oil, gas Australia Brazil and coal supply and Austria China demand, renewable Belgium India energy technologies, Canada Indonesia electricity markets, Czech Republic Morocco energy efficiency, Denmark Singapore access to energy, Estonia South Africa demand side Finland Thailand management and France much more. Through Germany its work, the IEA Greece advocates policies Hungary that will enhance Ireland the reliability, Italy affordability and Japan sustainability of Korea energy in its 30 Luxembourg member countries, Mexico 8 association Netherlands countries and New Zealand beyond. Norway Poland Portugal Slovak Republic Spain Sweden Switzerland Turkey United Kingdom United States The European Commission also participates in the work of the IEA Revised version, July Please note that this 2020. Information notice publication is subject to specific restrictions that limit found at: its use and distribution. The terms and conditions are www.iea.org/corrigenda available online at www.iea.org/t&c/ Source: IEA. All rights reserved. International Energy Agency Website: www.iea.org Foreword As it grapples with the unprecedented health emergency triggered by the Covid‐19 pandemic, the world is experiencing its worst economic shock since the 1930s. This is having a severe impact on employment and investment across all parts of the economy, including energy. Governments have taken the lead in providing urgent financial and economic relief to prevent the crisis from spiralling further downward. Today, attention is increasingly focusing on how to bring about an economic recovery that repairs the damage inflicted by the crisis while putting the world on a stronger footing for the future.
    [Show full text]
  • Strengthening Deepwater for the Future Conference Program
    Conference Program 29–31 October 2019 SulAmérica Convention Center Rio de Janeiro, Brazil go.otcbrasil.org/offshoreinnovation Strengthening Deepwater for the Future OTC Brasil 2019 Theme A4 2019-09-27.indd 1 9/27/19 12:05 PM Conference Information OTC Organizations Sponsoring Organizations American Association of Petroleum Geologists American Institute of Chemical Engineers American Institute of Mining, Metallurgical, and Petroleum Engineers American Society of Civil Engineers American Society of Mechanical Engineers Institute of Electrical and Electronics Engineers, Oceanic Engineering Society CM Marine Technology Society Society of Exploration Geophysicists Society for Mining, Metallurgy, and Exploration SNAME Society of Petroleum Engineers The Minerals, Metals & Materials Society Regional Sponsoring Organization Brazilian Petroleum, Gas and Biofuels Institute Endorsing Organizations International Association of Petroleum Equipment Suppliers Association Drilling Contractors About the Offshore Technology Conference (OTC) About the Brazilian Petroleum, Gas and Biofuels Institute (IBP) OTC is where energy professionals meet to Founded in 1957, IBP is a private, non-profit organization focused on exchange ideas and opinions to advance scientific promoting the development of Brazilian oil, gas and biofuels industry in a and technical knowledge for offshore resources competitive, sustainable, ethical and socially responsible environment. Today, and environmental matters. Founded in 1969, IBP gathers more than 200 companies’ members, and it is recognized as an OTC’s flagship conference is held annually at NRG Park in Houston. important industry representative for its technical knowledge and for fostering the related to its biggest OTC has expanded technically and globally with the Arctic Technology issues. Organizer of the main oil and gas events in Brazil, such as Rio Oil & Gas and OTC Brasil, IBP Conference, OTC Brasil, and OTC Asia.
    [Show full text]
  • Pjsc Lukoil Consolidated Financial Statements
    PJSC LUKOIL CONSOLIDATED FINANCIAL STATEMENTS 31 December 2019 PJSC LUKOIL Consolidated Statement of Financial Position (Millions of Russian rubles) Note 31 December 2019 31 December 2018 Assets Current assets Cash and cash equivalents 6 516,032 492,650 Accounts receivable, net 7 437,052 429,945 Other current financial assets 8 49,706 26,200 Inventories 9 413,910 381,737 Prepaid taxes 10 95,075 95,611 Other current assets 11 42,412 52,336 Total current assets 1,554,187 1,478,479 Property, plant and equipment 13 4,026,007 3,829,164 Investments in associates and joint ventures 12 220,004 228,053 Other non-current financial assets 14 38,231 82,568 Deferred income tax assets 29 28,673 31,041 Goodwill and other intangible assets 16 43,108 41,765 Other non-current assets 36,840 41,312 Total non-current assets 4,392,863 4,253,903 Total assets 5,947,050 5,732,382 Liabilities and equity Current liabilities Accounts payable 17 607,734 547,128 Short-term borrowings and current portion of long-term debt 18 130,300 99,625 Taxes payable 20 142,471 123,974 Provisions 22, 23 37,232 38,266 Other current liabilities 21 168,952 105,567 Obligation to repurchase common shares 24 120,988 - Total current liabilities 1,207,677 914,560 Long-term debt 19 422,932 435,422 Deferred income tax liabilities 29 264,159 258,836 Provisions 22, 23 77,045 47,923 Other non-current liabilities 1,788 2,115 Total non-current liabilities 765,924 744,296 Total liabilities 1,973,601 1,658,856 Equity 24 Share capital 968 1,015 Treasury shares (including obligation to repurchase common shares) (308,160) (134,810) Additional paid-in capital 39,277 39,173 Other reserves 30,141 196,554 Retained earnings 4,203,138 3,963,628 Total equity attributable to PJSC LUKOIL shareholders 3,965,364 4,065,560 Non-controlling interests 8,085 7,966 Total equity 3,973,449 4,073,526 Total liabilities and equity 5,947,050 5,732,382 President of PJSC LUKOIL Chief accountant of PJSC LUKOIL Alekperov V.Y.
    [Show full text]